Waterproofing Membranes Market: Key Highlights
· Theglobal waterproofing membranes market wasvalued at ~US$ 19 Bn in 2018 and is anticipated toexpand at a CAGR of ~7% during the forecast period.
· Theglobal waterproofing membranes market is primarily driven by growth in theconstruction industry and rise in the need to improve the quality ofconstruction. Emerging and developed economies across the globe are carryingout infrastructure developments such as roadways, railroads, and river bankprotection projects to sustain economic growth. These civil constructionprojects boost the consumption of waterproofing membranes, which are commonlyaccepted as durable and long-lasting products.
Key Drivers of Waterproofing Membranes Market
· Waterproofingmembranes are extensively employed in commercial, residential, and industrialstructures, as these protect surfaces from harsh climatic conditions.Macroeconomic factors such as improvement in economic conditions in developingcountries, growth in purchasing power, and recovery of Europe from the debtcrisis are boosting the consumption of waterproofing membranes. End users ofwaterproofing membranes, such as construction, mining, roofing, and landfills& tunnels, have been expanding their business substantially since the lastfew years.
· Waterproofingis paramount to the success of green roofs. Waterproofing membranes helpprevent the entry of water into a building and act as barrier against damagefrom root penetration. These membranes also provide better tolerance to hightemperature, roof drainage falls, airtightness, and vapor control to buildings.These factors are estimated to make waterproofing membranes vital for theprotection of overall structures, in order to protect these overall structureof green roofs against puncture and imperviousness to water.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14309
Global Waterproofing Membranes Market:Liquid-applied Membranes to Offer Attractive Opportunities
· In termsof type, liquid-applied membranes was a highly attractive segment of the globalwaterproofing membranes market in 2018. The segment is expected tomaintain its attractiveness during the forecast period, due to their easyavailability and low production cost.
· Liquid-appliedmembranes are sprayed or applied by a brush or roller to the surface that needsto be waterproofed. These membranes have elongation properties, durability,flexibility, abrasion, and chemical resistance, which makes them ideal forwaterproofing.
· Liquid-appliedmembranes help extend the service life of structures such as car parks,balconies, podium decks, and green roofs. The major advantage of liquid-appliedmembranes over other membranes is lack of joint-free process, as there is nolikelihood of leakage of water, unlike in roll sheet membranes and otherwaterproofing methods.
More Trending Reports
Fluctuation in Prices of Raw Materials to HamperWaterproofing Membranes Market
· Gasolineis the primary raw material used in the production of bitumen waterproofingmembranes. The demand for gasoline is still declining. This has adverselyaffected the supply of bitumen and asphalt. Furthermore, the high cost of manufacturingtechniques, such as the oxidation process, has led to an increase in theproduction cost of bitumen-based waterproofing membranes. These factors areestimated to hamper the global waterproofing membranes market during theforecast period.
Request Covid19 analysis on thismarket
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=14309
Europe Dominates Waterproofing Membranes Market
· In termsof region, Europe accounted for a prominent share of the global waterproofingmembranes market in 2018. It is expected to remain a highlylucrative region during the forecast period, due to rapid industrialization andrise in the demand for waterproofing products in roofing and water & wastemanagement sectors in the region.
· Rise inregulations on the requirements of new buildings in Europe is expected to drivethe demand for waterproofing of structures in order to ensure their durability.This is anticipated to propel the lifespan of buildings. Increase in GDP andgrowth in investments in industrial and commercial sectors are estimated toboost the construction sector in the region in the next few years.
Top Five Players Account for Key Share of GlobalWaterproofing Membranes Market
· Theglobal waterproofing membranes market is highly moderately fragmented, as alarge numbers of small players operate in the market. Currently, the globalwaterproofing membranes market is expanding at a steady pace. Key players arelargely focusing on research and development activities. The top fiveplayers - BASF SE, Sika AG, The Dow Chemical Company, Fosroc InternationalLtd, and Carlisle Companies Inc. - cumulatively accounted for ~40% shareof the global market in 2018.
· BASF SEconstituted a leading share of the global waterproofing membranes marketin 2018. The company offers more than 100 types of waterproofingmembranes. Its offices and manufacturing sites are located in almost everymajor city across the globe. The company invests in expanding its productportfolio in order to maintain its leading position in the market.
· In May2019, BASF SE introduced the Ucrete UD200 SR flooring system. Ucrete UD200SR is a heavy-duty, trowel-applied polyurethane concrete floor systemformulated for use in wet-process applications, and wherever slip-resistantfloors are required.
BuyNow
https://www.transparencymarketresearch.com/checkout.php?rep_id=14309<ype=S
About Us
Transparency Market Research is a global market intelligence company,providing global business information reports and services. Our exclusive blendof quantitative forecasting and trends analysis provides forward-lookinginsight for thousands of decision makers. Our experienced team of analysts,researchers, and consultants use proprietary data sources and various tools andtechniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team ofresearch experts, so that it always reflects the latest trends and information.With a broad research and analysis capability, Transparency Market Researchemploys rigorous primary and secondary research techniques in developingdistinctive data sets and research material for business reports.
Contact
Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
